Bloomberg News, Author at Auto Finance News

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

MarineMax F&I revenue up 8.2% amid declining boat margins

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Lexus confronts midlife crisis with aging SUVs losing to rivals

Big red bows and the “December to Remember” tagline of

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Chrysler discounts are biggest in a decade

Fiat Chrysler Automobiles NV is making an all-out push to

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

BMW, Daimler end North America car-sharing, pare Europe unit

Daimler AG and BMW AG are withdrawing their joint car-sharing

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Ford to add 3,000 jobs at Michigan plants, invest $1.45 Billion

Ford Motor Co. said it is adding 3,000 jobs at

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Peugeot maker PSA has French backing for Fiat deal

PSA Group has secured the backing of one of its

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Short sellers back off Jaguar Land Rover bonds as rebound begins

Short sellers are easing off Jaguar Land Rover Automotive Plc

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)

Add Bank of Montreal to the growing list of financiers facing floorplan troubles. Last month, BMO applied to have its...

Vietnam’s richest man bets $2B to sell cars to Americans

The billionaire behind six-month-old Vietnamese auto startup VinFast plans a

Credit Acceptance Corp. enters $710M settlement with 40 states

Credit Acceptance Corp. has agreed to a $710 million settlement after 40 state attorneys general accused the subprime lender of...

New powersport MSRPs up 24% since 2020, outpace rise in used

Powersports consumers are turning to used products as new-unit prices have nearly doubled compared with used, offering a growth opportunity...

Capital markets investors treat marine loans with more caution

A shortage of performance data poses a hurdle for marine lenders when securitizing loans in the capital markets. Banks are...

Canadian dealer adds to industry’s floorplan woes (Under the Hood)